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18 November 2015 | 93 replies
I'm not trying to bash anyone just saying that Donald has a responsibility to make sure what he is paying for is being completed the ways he wants it done.As is the case, I work 70 hours a week out of town, and I relied heavily on this vetted vendor from Lifestyles Unlimited.
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23 May 2022 | 0 replies
Also notably some of the lower volume cities will be far more susceptible to large influence by a singular outlier purchase, heavily influencing the numbers.1 - Quincy2 - Waltham3 - Belmont4 -Marlborough5 - Fall river6 - Attelboro7 -Taunton8 - Worcester9 -Webster10 -Lowell11 -Haverhill12 -Medford13 -New Bedford14 - Fitchburg15 - SouthbridgeConclusion:How does this compare to what your seeing?
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9 February 2023 | 47 replies
Hawaii has cracked down heavily on short term rentals with their new law.
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8 November 2023 | 2 replies
Credit RequirementsDSCR- 620 Minimum Credit ScoreConventional- 620 Minimum Credit ScoreDown Payment RequirementsDSCR **Under $1 Million Loan Amount- DSCR Ratio > = 1.0- 700+ Credit Score = 20% Down - 620-699 Credit Score = 25% Down- DSCR Ratio = .99 - .75 - 700+ Credit Score = 25% Down - 660-699 Credit Score = 30% DownConventional - 620+ Credit Score = 20% DownIncome Requirements DSCR - Does not look at Income whatsoeverConventional - Debt-to-Income Ratio must be 45% and belowUsing Rental Income to QualifyDSCR- DSCR loans account heavily for the DSCR Ratio (= Projected Rent / Gross Monthly Mortgage Payment) -We look for the ratio to be 1.0 + to receive the best rates and term (a.k.a we look for the monthly rent to completely cover the mortgage payment or more) - If the DSCR ratio is between .75-.99 (a.k.a the rent does not fully cover the mortgage payment)- you are still eligible for DSCR but expect to receive a higher rate and worse terms compared to having a ratio 1.0+ - Example: Borrower’s monthly mortgage payment will be $2,000.
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26 October 2023 | 2 replies
Hello everyone looking into buying my first investment property and heavily thinking into the mobile, al area.
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10 April 2019 | 5 replies
Aside from the usual background checks I would rely heavily on the credit check.
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3 October 2023 | 11 replies
Dependence on Tenants: The success of a mobile home park is heavily dependent on the tenants who lease the land.
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30 October 2023 | 41 replies
I would rather be less than a 25% owner of a small equity fund where the general partner is also heavily invested.That allows you some protection, and gets you into better properties.
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12 April 2020 | 36 replies
Your success will depend heavily on who you know but it's certainly an area worth keeping an eye on.
25 October 2023 | 35 replies
Assuming we are not at the bottom implies the value add must first recover any loss of value from the depreciation to even recover your value add costs.Local Flippers have heavily curtailed their acquisitions over the last few months.